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06-Sep2018

Mentha oil futures trade higher on rising demand

Mentha oil futures traded higher on MCX as market participants increased their positions following rise in demand from consuming industries in the spot markets. However, higher production estimates capped some gains.

The contract for September delivery was trading at Rs 1697.00, up by 1.19% or Rs 19.90 from its previous closing of Rs 1677.10. The open interest of the contract stood at 1530 lots.

The contract for October delivery was trading at Rs 1717.70, up by 1.5% or Rs 25.40 from its previous closing of Rs 1692.30. The open interest of the contract stood at 413 lots on MCX.


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